1000 NEW JERSEY AVE SE #1224, Washington, DC 20003
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1000 NEW JERSEY AVE SE #1224, Washington, DC 20003
1000 NEW JERSEY AVE SE #1224, Washington, DC 20003
1000 NEW JERSEY AVE SE #1224, Washington, DC 20003
1000 NEW JERSEY AVE SE #1224, Washington, DC 20003
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Listed by Andy Peers • Compass
$ 495,000
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Open Sat 12PM-2PM

1000 NEW JERSEY AVE SE #1224 Washington, DC 20003

2 Beds

1 Bath

823 SqFt


Open House

Sat Jun 27, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Condo

Sub Type Condo/Co-op

Listing Status Active

Purchase Type For Sale

Square Footage 823 sqft

Price per Sqft $601

Subdivision Navy Yard

MLS Listing ID DCDC2269480

Style Contemporary

Bedrooms 2

Full Baths 1

Condo Fees $632/mo

HOA Y/N N

Abv Grd Liv Area 823

Year Built 2006

Tax Year 2025

Property Sub-Type Condo/Co-op

Source BRIGHT

Property Description

Experience the best of Navy Yard living in this sophisticated residence at Capitol Hill Tower with garage parking! One of the most attractive features of Capitol Hill Tower is the underlying mortgage balance of approximately $145k at an exceptionally low 2.89% interest rate. By assuming this mortgage, a buyer can effectively reduce the amount requiring conventional financing, resulting in significant monthly savings. Keep reading for more details. 

This beautifully appointed home offers the perfect blend of style, comfort, and urban convenience. The open-concept floor plan is highlighted by soaring 10-foot ceilings, hardwood flooring throughout, and dramatic floor-to-ceiling windows that fill the space with natural light. Step outside to your private west-facing balcony overlooking the beautifully landscaped interior courtyard.

The kitchen is designed to impress, featuring stainless steel appliances, gas cooking, abundant cabinetry, and generous prep space for everyday living and entertaining alike. The spacious living and dining areas flow seamlessly together, creating a bright and inviting atmosphere. Both bedrooms are generously sized and feature large walk-in closets, while a well-appointed  dual-entry bathroom provides comfort and convenience. An in-unit washer and dryer further enhance the home's effortless lifestyle.

The all-in monthly co-op fee of $1,609 includes the underlying mortgage payment ($670/month on the $146k balance at 2.89%), association dues ($632/month), and property taxes ($307/month). 

The unit also includes a parking license for one garage parking space, subject to a monthly maintenance fee of $99.47, directly to the garage operator. 

Only a 10% minimum down payment is required, and that 10% is calculated only on the difference between the list price and the underlying mortgage balance.
For example, with a list price of $495,000 and an underlying mortgage of $145,000, the minimum down payment would be 10% of the $350,000 difference, which equals $35,000. That creates a significant upfront savings compared to a traditional purchase, especially when combined with the 2.89% interest rate on the underlying mortgage balance.

Even more appealing, Capitol Hill Tower has no rental restrictions beyond a six-month minimum lease term, making this a rare investor- friendly opportunity.

Residents enjoy an exceptional full-service lifestyle with a 24-hour concierge, newly renovated fitness center, indoor pool and spa, stylish resident lounge and club room, and a beautifully landscaped courtyard complete with water features, gas grills, and multiple gathering spaces. Additional conveniences include an on-site Sweetgreen and a complimentary Starbucks coffee bar. Recently updated hallways and common areas provide a fresh, modern aesthetic without the premium price tag of new construction.

The location is second to none. Just one block from Metro and Whole Foods, and only two blocks from Yards Park, Harris Teeter, Vida Fitness, and some of the city's best dining, shopping, and nightlife, this home places the very best of Washington, DC, right outside your door.

Location

State DC

County Washington

Zoning D-5

Rooms

Main Level Bedrooms 2

Interior

Interior Features Kitchen - Gourmet, Combination Dining/Living, Breakfast Area, Wood Floors, Window Treatments, Floor Plan - Open, Bathroom - Tub Shower, Combination Kitchen/Dining, Combination Kitchen/Living, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting, Walk-in Closet(s)

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Washer/Dryer Stacked

Fireplace N

Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Washer/Dryer Stacked

Heat Source Natural Gas

Laundry Dryer In Unit, Washer In Unit

Exterior

Exterior Feature Balcony

Parking Features Underground, Inside Access

Garage Spaces 1.0

Amenities Available Bar/Lounge, Billiard Room, Common Grounds, Concierge, Elevator, Exercise Room, Hot tub, Meeting Room, Newspaper Service, Party Room, Pool - Indoor, Other, Spa, Fitness Center, Swimming Pool

Water Access N

Accessibility Elevator

Porch Balcony

Attached Garage 1

Total Parking Spaces 1

Garage Y

Building

Story 1

Unit Features Hi-Rise 9+ Floors

Above Ground Finished SqFt 823

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories 1

Additional Building Above Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Pets Allowed Y

HOA Fee Include Common Area Maintenance,Custodial Services Maintenance,Ext Bldg Maint,Lawn Maintenance,Management,Insurance,Other,Pool(s),Reserve Funds,Sewer,Snow Removal,Taxes,Trash,Underlying Mortgage,Water

Senior Community No

Tax ID NO TAX ID

Ownership Cooperative

SqFt Source 823

Security Features Desk in Lobby,Doorman,24 hour security,Exterior Cameras,Fire Detection System,Intercom,Sprinkler System - Indoor,Smoke Detector,Carbon Monoxide Detector(s)

Special Listing Condition Standard

Pets Allowed Cats OK, Dogs OK


Bright MLS (BMLS)
Paulo Quintela

Paulo Quintela

Broker | License ID: 1110144

+1(908) 962-8047

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1000 NEW JERSEY AVE SE #1224